TB MC Qu. 15-210 Neef Corporation has provided the following ... Neef Corporation has provided the following financial data from its balance sheet and income statement: Total assets Total stockholders' equity Year 2 $1,302,000 $ 885,000 Year 1 $1,330,000 $ 880,000 Income Statement For the Year Ended December 31, Year 2 Sales (all on account) $1,420,000 Cost of goods sold 890,000 Gross margin 530,000 Operating expenses 493,000 Net operating income 37,000 Interest expense 17,000 Net income before taxes 20,000 Income taxes (35%) 7,000 Net income $ 13,000 Saved The company's return on total assets for Year 2 is closest to: Multiple Choice 1.00% 1.83% 1.85% 0.99%